International companies ready to partner with SA in renewable energy space - Dames

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The power blackouts in South Africa have severely hampered businesses and especially mines over the past months. Eskom has been declared  by many business leaders as a national energy crisis and many are now looking towards generating their own power. Also geared to take advantage of this, are the companies who want to speed up the use of renewable sources like wind and solar energy to fill the gap left by Eskom. While the Government has committed itself to have renewable energy in its mix of resources, Energy Minister Gwede Mantashe is accused of stalling the process as he is said to be protecting the jobs of coal miners. One of the companies that are ready to offer solutions to the Eskom crisis, is African Rainbow Energy and Power, the company started by Patric Motsepe. Motsepe has been in the firing line back home after he told President Donald Trump in Davos "that Africa loves America. Africa loves you" with many South Africans disagreeing on Twitter. Speaking to Biznews at Davos, the Chief Executive Officer of African Rainbow Energy and Power Brian Dames said he believed the electricity grid in South Africa should be expanded. - Linda van Tilburg
24 Jan 2020 7AM English South Africa Investing · Business News

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